Management control

Manage your business plans

The budget structure can be configured at three levels and is shared by all NETiKA RI modules. A fourth level, the budget class, enables grouping of budget items by department. The budget repository includes both income and expenses. The structure selected can be standardised, for example, based on IPD-OPD for costs.

Multi-year budgets are created in each module (rental management, technical management, purchasing, asset management). Tables compare budgeted, committed and actual. The latter can come from the integrated real estate accounting or the client’s IS accounting tool.

Sources

Budgets are built and simulated in the various departments, for example:

Rental management: BDB module, lease budgeting
Technical management: MYWP module, multi-year works schedule
Asset management: MYWP module, multi-year transaction schedule
Owner expenses: non-recoverable and non-recovered expenses
Co-ownership budgets
Other.

Analysis

Budgets are analysed at different levels: by accounting company, by site, by department/profit centre, by transaction, by lease group, by transaction group, etc.

Workflow

Budgets are built, analysed, arbitrated and revised based on configurable collaborative processes.